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workshop and big bird. it appears easy to dismiss millions of dollars when the government faces trillion of dollars in debt. the left may be cute with a call to end funding for public broadcasting, but here's the homework the left should have done before they and president obama began their reflective aattacks. they are $388 million in assets now. in merchandise sales alone, it brought in $45 million, five times what it received in government grants. that little cute sesame workshop turns out to be a moneymaker producing hundreds of millions of dollars. we take all of that up tonight with former george bush senior adviser carl rove, and as well, the unemployment rate falling to 7.8%, employers adding just 114,000 jobs. we're talking about that, and, yes, big bird too with the congressional budget office with douglas holtz-eakin. any -- new reports two suspects were arrested in the assassination to the ambassador to libya and three other americans. the man who broke the story that the obama administration knew it was a well-planned terrorist attack within 24 hours. daily beast writer, eli
on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the notion that we're not going to allow for parking meters to operate on sunday. >> okay. thank you mr. yee. mr. bye. >> i completely oppose sunday and late night meters and our district. i agree with norman that it really will literally drive people out of the area and down to south city or some other area in which people want t come to this part of town for the small town experience
to be the federal government is the message to california. they need to pull back from their own regulations. i do think that we have this opportunity that it all fits under a growth leg. i think we would say -- and governor kasich is looking at this and governor davis is working on it, so you take the energy issue and say now i can fix some of the infrastructure needs that have been piling up. if we start doing that, we will be short on labor in this country. we will need to retrain the people who are not trained or skilled. the potential is enormous if there's any vision and any leadership. >> we will take questions in a moment. first i want to ask about the front page of the new york times, campaign finance and the super pacs going into the congressional races, a small super pacs. all of you, presumably, involved in congressional races. >> no, we are switzerland. >> what is the role for business in government and in election campaigns? >> there is a major effort that's been going on for some time in various ways to force business to back away from participating in both the election process and
something else for us which is to go to checklist of questions to do with for instance, government strategies, the presidential succession and so. so i'm going to deal with that first. one of the facts about algeria that is always to be borne in mind is that, of course, is an oligarchy, which means that it's the political problem of voucher is quite unlike tunisia around ben ali or egypt under a site. at an underbelly -- oligarchy which gives it a great deal of flex builder which gives it a range determined by the oligarchies own repertoire. i want to put the word repertoire after because i think the crucial problem of algeria, the absence of disciple change arises out of the limitations of the repertoires of the regime and of the opposition. i'm going to focus on the opposition in a moment. government strategy has been a sophisticated strategy involving at least five different elements. it's done a lot of flying off of discontent since the rights of january 2011. quite spectacular pay rises, virtually everybody demanded him and everybody did demand them. is allocated a lot of mone
agency of state government to cut specific regulations and red tape. we thought fracking was such a big deal. we have a huge amount of natural gas. horizontal drilling and fracking, natural gas has great potential benefits. much cleaner than coal. it is $1.75 per gallon equivalent to less-expensive. it keeps jobs here and does not send billions of dollars to a dictatorship. there is fear about what happens and we sat down with halliburton and the oil and gas services companies. we understand they have trade secrets. we showed what the ingredients are and it took a six months but we got the environmental defense fund to claim victory and have halliburton claim victory. here is a transparency, set of regulations that will protect the public and settle down all the hysteria and kirk -- furor about fracking. i did it when i was a kid diyala this. how do we get past that fear and uncertainty and create some sort of predictability to business needs? that became a symbol for our issues. to find the appropriate compromise so we can get on to the next problem. >> would you like to bring us up-to
inside syria between rebels and government forces. it is a little bit unclear at the moment. what seems to be clear, though, is that turkey is making it very clear to syria that it is not accepting any more of this cross-border shelling.% the response was immediate by turkish artillery into syria itself. >> let's look into the warning there -- he has been saying since the middle of the week that turkey is not looking for work, but today, he is now saying it is close to war. what should we read into that? >> everyone is trying to find a balance between being tough and avoiding war. he thinks he has to be tough to the outside world and to his own voters to show them and also the syrians that turkey is not to be messed with. on the other hand, he is very clear not to drag turkey into a war that it does not want. it is a little dangerous game he is playing, but that explains why he is talking tough one day and more conciliatory on another day. >> th much for that. in syria itself, rebels claimed that they have shot down an armed army helicopter near the capital damascus and seized an air de
, the rebels have been using to get a sense of what is going on. you can see what the government response has ben, massive firepower to crush the rebellion. the rebels and residents have no answer to a barrage of artillery that does not discriminate between the fighter and civilian. the fighters tried to move on seen towards loyalists forces. despite its overwhelming strength come the government forces have made few inroads. we were shown one of their check points, just 200 meters away. they may be fighting for the future of syria, but both sides are struggling over small bits of turf. the empty streets are a testament to the thousands to have fled. some say they have nowhere to go, nowhere is safe. he has lost his wife and six children, all of them were killed when a rocket landed on his house. >> to live is to die. bashar al-assad is a daunting task. you will die wherever you go. they say foreign aid is being provided, but we see nothing. just let us die and get it over with. >> aleppo has become the defining battle in this civil war. neither side can afford to lose, but in truth, neither i
governments, really they're overwhelmingly focused on domestic issues. s europeans are dealing with nothing but crisis in europe for the last three years. that's going to continue. that's occupying everything. the americans have an election coming up in four weeks. and there's much less interest in the united states in being the world's policemen or lender of last resort. japanese, you have prime minister every week. i mean, the level of consistency in governments here is just not feasible. and so really that does limit what can be done in any of these four. look, the longer the g-0 persists the more dangerous. so the persistence of the g-0 does lead to the creation of a new system. this is not a new world order. this is in between. precisely because you can't deal with the middle east conflicts in a g-0 world. you're not dealing with climate effectively in the g-0 world. new things will emerge. looking at the nape of the middle east right now, looking at how deep the european crisis is, how unwilling americans are to look outside their borders today, how much transportation is required wit
what we're seeing is a government seeking to assure its key constituents and to send a signal to the outside world in the face of what they consider pressure from the south and the government is strong and the national security of the north korea the safe. >> it's given that the south has only increased its missile capacity. >> absolutely. and i think we need to trecks last few months have been very tense on the korean peninsula, and there's been no love lost and the outgoing president is seen as someone who is hostile to the north and that certainly is how the knot paints him. this is very much a political gang waiting for the political senses of december and north koreans are not going to give an inch until they see the new president taking over in january. but for now, as you say, they have every reason to take a tough stance. >> thank you for your time on gmt. let's take a look at some of the other stories making hirnes around the world today. mexican authorities say the leader of the drug cartel appears to have been killed in a fire fight with marines. final forensic test
their business climb. maybe it is not a calamity it could force the government to scale back. getting paid to study fish? getting paid to study fish? it is true. ♪ music kids will spend 22 minutes watching us, the super duper party troopers, sing about ants in their pants. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. charles: it is have time. you get a full throttle by the banks. you build the amount they give you higher fees the little ones did not take a dime. service charge, atm comes from the big banks they collected 31 point* $5 billion of overdraft fees last year. up from 700 million. you do not have to take a bailout. my next guest bank is thriving. gold coast ceo and cardinal ceo. joe, it is amazing how the banks that did not take any money are not threatening the u.s. economy, not killing us with these to the most business with regular people. >> absolutely. we have lent over $10 million and a last couple of months or 50 million over the year. we concentrate exclusively on small business. large bank
the question is, whether or not the tax system that our government uses is fair. i think it is unfair, but it is not something we can address in the short term. the tax cuts the vice president and i got three years ago, no, that's not fair. if you earn 20,000, 40,000, you may have gotten 1,000. if you made let's less than 10,000 you suffered a loss of $400. that's not fair. that's basically unfair. not only is it unfair, but economically, it has darn-near destroyed this country. there is a $750 billion tax cut over five years. that's one of the reasons we're facing the debts we have now. >> mr. vice president? >> i think i've said all i want to say. . that is the part of this debate devoted to domestic affairs. we will now turn to foreign affairs. >> vice president bush, since your administration came to power, the president has promised a stern response against terrorism. but attacks have continued in lebanon and the middle east. what can be done to stop the? stop?too it? >> terrorism is very difficult to stop. when you see the lebanon building hit by terrorism, the israelis, with al
responsibility. we need to take a very different way of looking at how the federal government spends money. i support a moratorium on your marks because it had gotten out of control before it to congress. but that's the beginning slice of a much bigger question about how we bring down the size of the federal government. i have called for a 1% reduction in overall discretionary spending. i have called for a balanced approach on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this d
about big bird and cutting the government's apron springs doesn't cut it what does? >>guest: this is fought a serious debate when president obama said we cannot cut one small program. to we cannot cut this program what can we cut? we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to mor
that we cannot afford to sacrifice accuracy to speed and of course our government is sparing no effort tracking down the terrorists who perpetrated this attack. and we are focused as we must on what needs to be done to protect our people and our facilities. we had another terrible attack yesterday. i strongly condemn the killing of a long time yemeni employee at our embassy. we are working with yemeni authorities to investigate this and bring those responsible to justice as well but throughout all of this we must not only focus on the headlines. we have to keep in mind the trend lines and remain focused on the broader strategic question posed by democratic transitions and their impact on american interests and values. let me start by stating the obvious. nobody should have ever thought this would be an easy road. i certainly didn't. however, it is important to look at the full picture, to wave of violent acts of a small number of extremists against the aspirations and actions of the region's people and government. that broader view supports rather than discredits the promise of the ara
and senate, his budget takes spending up to 38% of the economy during that same period. a government twice as large. if you have split government, obama gets elected in a republican house or republican house or senator, what happens is exactly what happened two years ago which is they'll extent bush tax cuts for two years and fight it out in two years. there's not going to be a cliff. everybody knows this because if obama shuts down the government in january, the democrats lose ten senate seats, ten of which are vulnerable in 20 # 14. a democratic senate and republican house encysts that obama extends the tax cuts. gerri: i'm not sure everybody is so sanguine. mitt romney's been called a liar for the ideas on taxation and taxes. he wants to cut taxes 20% across the board for everybody, the poor, the wealthy, the people in between. can you do that and get rid of breaks in the tax code for wealthy people and come out with anything like a balanced budget? >> well, two things. yes, you can bring in the same amount of revenue with tax reform, but, remember, republicans believe if you do margina
voted for him. i understand why you turned away from the last labour government. this government took power in difficult economic times. it was a country still coming to terms with the financial crisis. a financial crisis that has afflicted every country round the world. i understand why you were willing to give david cameron the benefit of the doubt. long think we've had enough to make a judgment. long enough to make a judgement because they turned a recovery into the longest double dip recession since the war. because there are more people looking for work for longer than at any time since the last time there was a conservative government. and here is the other thing, what about borrowing? borrowing. the thing they said was their number one priority. this year borrowing is rising not falling. let me just say that again. borrowing the thing they said was the most important priority, the reason they were elected. it is rising not falling. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing.
the power of the government, they have their own laws and's what they follow. and we have no interference in that. the government has paved wait four the highest form of freedom of most people. you see people criticize, people sometimes trespass the border lines of proper as a president, i'm not middle of the people of iran, without drawing any borders, without drawing any reed red lines, we converse. >> right, but this isn't just any protester, this could be your daughter in the future. she is daughter of your predecessors, the president. it's a fairly significant moment that she has been imprisoned. do you feel uncomfortable that this lady is in jail? >> let's separate the two argument, the two topics. happy this anyone is going to prize in? no. never. no one should go to prison, but also keep in mind that in any country, every one must be treated equally under the laws. no one must have -- or must receive special treatment because of having been a part of the power structure, regardless of whether the action taken resulted in imprisonment is right or wrong. i'm not a judge of that. >>
a number of years in the spanish government from 1977 to 82. he was an active participant in the negotiations for spanish entry to what is now the european union, the european economic community. he also participated in a number of spanish negotiation then they got, not wto and with the european union and spain a century into the union after democracy was restored in spain and spain was welcomed into the european community process. in the last year at this government coming was minister of the presidency, played a very essential role in the entire spanish government situation. shortly after he joined banco santander and has now been there for over 20 years. he is now vice-chairman of the bank, member of the board, also member of the board of banesto, banco santander in portugal, a member of the board of a number of other financial companies in the group and is president of the print of the foundation and spain. i think we are uniquely privileged data to have a speaker from banco santander with its unique ability to see both the spanish situation, the overall banking situat
with residents and businesses. when residents feel threatened by the government they don't trust the government and we need less of the head butting and yes the city needs money but we can't do it on the backs of small business and the threats to residents and i completely oppose the meters on sundays and late nights. >> mr. crowley. >> in district seven i think it's necessary to dismiss this idea all together and let's not forget the holidays and they hit them as well. a one size approach doesn't fit this and i suggest the parking lots at the ball field and we do dynamic pricing and that is one solution that is dense and know they're going to pay for parking and looking for solutions to fit their car in for free. only in areas where there is the retail wrap that should happen but in district seven it's a disincentive for the merchants. >> we are good at shooting the goose and in the foot and muni says we have a deficit let's gouge the drivers. are you going to drive anywhere? no. you're going somewhere else and where is that revenue that we need? and by the way give free passes to youth a
on the economy and one each onro healthcare, the role ofan government and governing. with an emphasis throughout onc differences specifics, and choices. both candidates will also have two minute closing statements. s promised to remain silent. no cheers, applause, boos, hisses, among other noisy, distracting things, so we may all concentrate on what the candidates have to say. there is a noise exception right now, though, as we welcome president obama... and governor romney. [cheers and applause] >> reporter: gentlemen, welcome to you both. >> gentlemen, welcome to you both. let's start the economy, seth one and let's begin with jobs. what are the major differences between the two of you about how you you go about creating new jobs?w you have two minutes. each have two minutes to start. a coin toss has determined, mr. president, you go first. >> thank you very much, jim, yu for this opportunity. i want to thank governor romnek and university of denver for your are hospitality. there are lot of points i wantr to make tonight but the most important one is that 20 years ago i became the luckiest ma
holder today praised the libyan government's response. it's a challenging environment in which to operate but i think we have done pretty well given the circumstances in which we find ourselves and we found ourselves able to move about and do the things that we have wanted to do because of the assistance we've gotten from the libyan government as well as from some of our other allies >> sreenivasan: a u.s. house committee holds a hearing tomorrow on the consulate attack. in pakistan, a taliban gunman shot and wounded a 14-year-old activist known for promoting girls' education. malala yousufzai was hit in the head and neck during the attack in the swat valley region. doctors said the wounds were not life-threatening. yousufzai spoke out on girls' education at a u.n. children's assembly last year. the taliban called her work "an obscenity" in a statement claiming responsibility for the attack. one out of every eight people on earth is going hungry, according to a u.n. report today. that comes to 870 million people, but it's far below the figure of one billion announced in 2009. the u.n. foo
." and too late. if you haven't got your application in, it is too late. bank of england government job should have been in half an hour ago. so if you didn't make it, you're not going. jim o'neill wasn't applying, scott mcdonald wasn't applying either. i didn't get mine in. so never mind. stick here. also coming up, we'll be heading to new delhi to hear how undoing regulatory requirements could boost investments. details from one of the author of the quarterly cfo survey. and also president chavez is fig celebrating a hard-fought victory. if you have any thoughts, comments, whatever you like, e-mail us worldwide@cnbc.com or tweet @cnbcwex or @rosswestgate. first we'll turn our attention to china. analysts say there is hope the mainland services sector can help offset weakness in the manufacturing side. hsbc also says early easing measures and stronger consumption demand may have helped world bank is warning it needs to brace for slow growth. it's their slowest pace since 2001. it's because of the exposure to china which also had its outlook cut. joining uses for more, norman chan. norm
to directly capitalize the banks. >> the perceived commitment of eurozone governments to mutualize the cost of spanish bank programs have been put into question very much so and should be rejected fairly clearly by core european finance ministers. and we think this is a destabilizing factor in the country's credit outlook. so the question is what pressure that might put on its italian auction today. they're selling up to 6 billion in july btb. we did see t-bills yields edging higher for italy. has already raised, though, 80% of the 465 billion needed to fund the 12012 outstanding debt. but those auction results will be out in just over an hour's or so time. >> even for the impact on spanish bonds, when people look and wonder perhaps why there isn't more impact, it's not just because this move is largely priced in. it's also because the ownership has been transitioning to domestic. so certainly at any time a healthy development itself. >> we also have data coming out, as well, spanish banks borrowing 400 billion euros in the ecb in september. 412 billion euros in august. so that number is st
wood told the house of representatives oversight and government reform committee, get this, the consulate in benghazi never had the forces it needed to protect itself. never. >> the security in benghazi was a struggle and remained a struggle through my time there. the situation remained uncertain and reports from some libyans indicated it was getting worse. diplomat security remains weak. in april there was only one u.s. diplomatic security agent stationed there. they struggled to obtain additional personnel but was never able to attain the numbers he felt comfortable with. >>shepard: a former state department regional security officer in libya testified, as well. here is what he said, that the united states could not count on lib jab security forces to help with security adequately. >> the libyan temporary government was unable to extend security assets to diplomatic missions in the ways we are expecting to see around the world. we could not rely on the libyan government for security, intelligence, and law enforcement help to identify emerging threats or to ask them for as
. but the spanish government complained today that move will only make things worse. >> ( translated ): what everybody needs to have in mind is that political stability is also listed on the stock exchange, and there are a lot of everyday questions for government and citizens that depend on political stability. when some actions or decisions generate political instability, it is much harder to get financing. i am not only talking about financing for public administration, but also for individuals and companies. >> sreenivasan: meanwhile, the government of greece reported unemployment reached a record of more than 25% in july. the rate among young people, 15- to-24 years old, is double that 54%. an outbreak of fungal meningitis in the u.s. has now claimed 14 lives. the centers for disease control reported the latest count today. it said a total of 170 people have been infected across eleven states. the outbreak has been linked to steroid injections for back pain that came from a specialty pharmacy in massachusetts. roughly 14,000 people received the shots. in pakistan, a 14-year-old activist
as a nonpartisan mayor here in richmond and second as a governor in a republican house. i governed in the most difficult economy since the 1930s, but we were the best managed state in america, governing magazine, the best state for business all four years i was governor, forbes magazine, and the best place to raise a child. education week. those weren't tim kaine accolades, they were things we did working together. and in the last year as governor when the president i asked to serve as dnc chair, i think i had my best year. we got smoking banned all three publications that ranked states ranked virginia the best state for business in the united states. we saw huge improvements in infant mortality and our foster carey form effort, achieved success in open space preservation and recruited numerous businesses in the heart of the recession to come to virginia, rolls-royce to opening a manufacturing facility, faic hilton and at the end of my administration, northrop grum mond decided to move from california here. virginians care about results and we got results working together. >> mr. allen? >> tim
it into english and went along the lines of its against the hagues of the government which is you blame every single mistake and work against the state. on the other hand, i mentioned henry david who was pivotal in my thinking. he basically had the idea of not the idea of living but he went out on civil disobedience to the hill and saw this absolute duty that surrounded him. i want to look around myself and say here there is no state. i try to do that every day by making sure i can see everything from interacting with my neighbors in the sense of exchange and privatizing my life, taking my life back from the state and privatizing it to the extent possible do i interject in the state and make sure you go into businesses that are privatizing government services. we are going to an unprecedented period of the state control and i'm not saying that you should marker yourself or your family. that would be reckless. to the extent possible privatize your own personal life. >> does that mean you are living off the grid and not flying on their plans because of tsa and all the different regulations. are
highlighted the differences between a future labour government and the current conservative liberal democrat coalition. he was elected party leader in 2010 he spoke to party members at their annual conference. this is about an hour and five minutes. >> it is great to be in labour manchester. and you know manchester has special memories for me because two years ago i was elected the leader of this party. i'm older. i feel a lot older actually. [laughter] i hope i'm a bit wiser. but i am prouder than ever to be the leader of the labour party. [applause] you may have noticed that doing this job you get called some names, some of the nice, some of them not so nice. let me tell you my favorite -- it was when mitt romney came to britain and called me "mr leader." i don't know about you but i think it has a certain ring to it myself, it's sort of half-way to north korea. mitt, thanks a lot for that. let me tell you a bit of insight in to conference. i always look forward to conference. but the leader's speech, as previous leaders will attest, can be a bit of a trial. you get all kinds of advice fro
living on the fruits of its noble past. but a france governed by the middle class was losing its taste for nobility. like many aristocrats, his father alphonse retreated into rural pastimes-- riding and hunting. an eccentric, he looked wistfully back to the family's glorious past. alphonse had married his first cousin adele, a common practice in a class anxious to preserve the purity of its bloodlines. but the results of inbreeding for henri were uncommonly cruel. his legs were short and weak. he broke each of them in early adolescence and stopped growing when he was 14. he was just under five feet tall. his head, hands and torso continued to develop. but his stunted legs made walking painful for the rest of his life. denied the aristocratic pleasures of riding and hunting, henri turned to sketching and painting rural scenes. he had a flair for it and in 1882, at the age of 18, he moved to paris to study painting. it was a move that would change the direction of his art and his life. paris in the 1880s was becoming the modern city. baron haussmann's legacy, the great boulevards that de
city government into the business of making home loans. this is part of what brought on the economic crisis at the federal level, fannie mae and freddie mac giving out home loans to people who couldn't afford to buy and later had their houses foreclosed. we don't know what's going to happen in the housing market for the next 30 years. i think it's foolish to set aside increasing set amounts of money for the next 3 decades when we know right now that there's thousands of people living on the streets. why not just build as many affordable units now as possible and do that by getting government out of the way with all its red tape and regulations and taxes and union work rules that increase the cost of housing. that would be a better way to get affordable housing, not bringing back this redevelopment agency with its legacy of driving african americans out of the fillmore and they had slated more than half the bay area for redevelopment before they were shut down. >> anything you'd like to add, peter? >> there's a number of assertions from my opponent that are based in a misunderstand
businesses need the tax incentives to create more jobs, and he says that the government needs to step in and the government needs toinvest in programs now that can pay off later. manufacturing, green energy, instra trui inf infrastructure and aid for state and local governments. mitt romney says to get the government out of the way. and former new york times columnist bob herbert is a ceo of a left leaning think tank, and also joining us is the director irvine institute in irvine. and peter, do you think that the country sees incentives to move the jobs abroad and it does not matter what the government does to help? >> well, that is right if we understand what the problem is here. if you look at what globalization has done over the past few decades, we have a basically a destruction of the job destruction ecosystem, and the way it works, christine, is simple. if caterpillar or gm decides to offshore the production instead of building a factory in peoria or detroit, what you have is a loss of jobs right there of the big company, and then what you lose next is the supply chain which cre
enduring presence will be, and we're working on that right now both internal to our government, but also with our nato allies. so we're trying to determine based on the agreements made in lisbon and then reinforced in chicago about what this long-term commitment will be, and it's scoped against several missions, one of which is counterterror, another of which is continuing to train and advise at some level. another is to enable other agencies of government to do their job in afghanistan. and so as we determine how to, what we'll need to accomplish those missions based on the growth of the afghan security forces, sometime early in 2013 we'll come up with a number that will define our enduring presence. and then we'll take what we have there now, which is 68,000 u.s. and about 30, 34,000 coalition partners, and we'll establish a glide slope to get from where we are to where we're going to be. and the important point is that in that question is i want to reinforce that our objectives remain both sound and achievable. as for the insider threat, as i mentioned in my prepared remarks, the insi
. and of course our government is sparing no effort in tracking down the terrorists who perpetrated this attack. and we are focused, as we must, on what more needs to be done right now to protect our people and our facilities. we had another terrible attack yesterday. i strongly condemn the killing of a long time yemeni employees at our embassy in sanaa and we are working with yemeni authorities to investigate this attack and to bring those responsible to justice as well. but throughout all of this, we must not only focus on the headlines, we have to keep in mind the trend lines. we have to remain focused on the broader strategic question posed by these democratic transitions and their impact on american interests and values. let me start by stating the obvious. nobody should have ever thought this would be an easy road. i certainly didn't. however, it is important to look at the full picture, to weigh the violent acts of a small number of extremists against the aspirations and actions of the region's people and government. that broader view supports, rather than discredits, the promise of the
are so heavily vested in government bonds. the report says japanese government bonds account for 24% of assets of banks in japan. the institutions could suffer heavy losses if bond prices plummet. banks around the world see japanese and u.s. government bonds as safer assets in the face of the prolonged credit crisis in europe. they snapped up japanese bonds, causing the yen to spike to record levels. imf economists note japan and the united states are facing huge deficits and the countries need to implement fiscal reforms to maintain investor confidence. it also acknowledges a decision by eurozone countries to launch a permanent fund designed to bail out struggling members. they say worries about the health of the region's financial system have increased since the spring with the need to use capital to help troubled banks in spain. >>> greece is one of the struggling eurozone members counting on bailout funds to keep it functioning. international lenders are demanding the country's politicians implement deep spending cuts in return for that aid. angela merkel traveled to athens to u
the job of rewriting the rules of finance. government leaders need to tackle what she calls a legacy of high debt. lagarde says they should focus on getting people, particularly young people, back to work, and they should address the imbalances between rich and poor. she says financial leaders need to lift a veil of uncertainty. >>> one of lagarde's deputies says everyone at the imf world bank meetings is focused on uncertainty. our ron madison talked with joo ming to find out what he hopes will come out of this conference. >> which hold the most threat do you think of potentially derailing a fragile economy? >> the current risk number one is still the european crisis. if the crisis intensifies, it can cause skwit a bit of damage for the whole world. we did a study to see if one extreme case, for example, if things go, it could cause roughly 6% of gdp impact itself and roughly 6% for uk collective gdp impact, rough ly 2% for u.s and 2% for japan and china and the rest of the world. so, this is a pretty serious situation. >> we're seeing a slowdown now in china just ahead of the chang
around the world. we could not rely on the libyan government for security, inlligence, and law enforcement help to identify emerging threats or to ask them rise itin tohecotern a private interview, that a state department official who oversees diplomatic security wanted to keep the number of "aicyoty personnel in benghazi dahege the mmeecg om missions around the globe and a constant struggle. >> i worked closely with more than 275 facilities around the world determining the right it itee agogriorch o. evolving process that i appreciate and understand from my own time on the ground a a diplomatic security for. >>shepard: she testified that she has never visited lya. stdemeeld pon t ak le baorstsdhree others. the officials say they never concluded that the attack grew from a protest. never. no protest over a low-budget anti-islam video. you mayeca te unedta ss tthit onfll ple s ,nily cme loudly and over and over and over and over again that extremists hijacked protests over the video. there were no protests. the state departments coming thosssas wee f cag wendell is at the white
libertarn said hold you horses, government should not ban businesses of any kind. even if the intentions are good, he is author of, it's nut cutin time in america. the viewers are concerned about spying from china on our intelligence and our corporations what say you? >> let me say, ni how. i am practicing my mandarin chinese, when our cred kits come calling i will know how to greet them when they arrive in cafornia, an old cowboy names con4ous. coconfusous, said, this old business of retaliating bacack d fort is not getting us anywhere we tried that in 20 30s, that got us in a deeper depression, we tried embargoing oil and metal with japanese that ended up in pearl harbor. you know itf we need more cyber security, hire more spooks instead of more irs agents for obamacare. we have a lot of kids sittingn a basement that know wha how tok stuff, beef up our security. >> you are worried about retailiation from china against our overseas could operations, our companies have units in china. >> this is a global economy. you know, this ain't like an american public school you get trophy for show
a free-for-all for gas thieves. all thanks to government regulation. how much worse can it get? >> while iran is still trying to control its currency crisis its offshore oil platforms are reportedly under cyberattack. is the regime running out of time? >>> are electric cars actually bad for the environment? specifically, twice as bad as traditional cars? a shocking new study says they may not be so green after all. even when they say it's not, it is always about money melissa: let's take a look at the day's market headlines. investors staying cautious before tomorrow's earnings season kickoff with alcoa. summit between eu finance ministers brought modest declines to stocks. stocks closed down 26 poin. shares of apple fell more than 2%. there are report that is a weekend strike broke out at a foxconn factory in china, a major a sembler in china. foxconn is denying the report. they have had major problems. >>> netflix shares surged more than 10% on the news closing at highest price since july. >>> our top story tonight, gas prices in california hitting another all-time high. now they have
the difference. they have been doing that for several years in variety of ways. government buying on mortgages in spain and the string ran out as it did in the united states. germany has a lot of debt in its fist and really can't cash it in. the germans at some point have to say, this doesn't work. melissa: i mean the great thing about winning the nobel peace prize it comes with $1. million which is fantastic unless you're dividing it up among a bunch countries and works out to 23 cents for each of them. what do you think, could maybe this money will help them solve the debt crisis in europe? what do you think? >> kind of a drop in the bucket. use it for food relief in spain where people are eating out of dumpsters. angela merkel ought to go be among those people and see what is really going on the trouble is european leaders get to live in palaces that are much grander than our white house and they're very, very isolated and detached from what is happening to ordinary folks. melissa: my theory was the committee thinks they will award the $1.2 million for the big group and no one will show up
government. our government taxes and spends out of control and our civil liberties are constantly under attack. we can fix it, but we need to get government back into its cagae. >> our final opening statement is from jeff flake. >> good to be here. two days ago, cheryl and i received a wonderful phone call from my son syan and forming as we are grandparents. aidan was born into a wonderful family, but he was born into $50,000 of debt. his share of the federal debt we all hold. that is why the stakes in this election are so high. we have to have somebody who understands fiscal discipline. that has been my record in the house of representatives, where i fought my own leadership on issues like earmarks. they punish me for it, but i kept at it and we do not have earmarks any more. that is the kind of attitude i will take to the united states senate. my opponent have a great rÉsume a. but a great resonate is not a plan. he has been running for a year now and we do not know where he stands on the major issues of the day. we have a choice in this election. we can elect somebody who does not h
don't pay taxes and, in his words, are dependent on government, so he couldn't worry about them and their votes. >> in this case, i said something that's just completely wrong. and absoluly believe, however, that my life has shown that i care about the 100% and that has been demonstrated throughout my life. this whole campaign is about the 100%. when i become president, it'll be about helping the 100%. >> brown: still, president obama was having none of it. >> from the day we began this campaign, we've always said that real change takes time. it takes more than one year or one term, or even one president. it takes more than one party. it certainly can't happen if you're willing to write off half the nation before you even take office. >> brown: with the economy dominating the campaign, and with 12 million americans still unemployed, it was clear the punching and counter-punching over jobs will only grow more intense. and there's still one more monthly employment report coming-- on november 2, four days before election day. to help break down the jobs numbers, i am joined by neil
of city government. i was chairing an elected commission in los angeles to revise the city charter, and i saw then that he not only was amazingly talented, but a reporter of enormous integrity. at one point he believed the los angeles times was not devoting nearly enough time to charter reform, it was important to the city, and according to los angeles weekly, he quit his position at the los angeles times in protest over this. he put his very job on the line because he believed in the importance of the story. he was then and is now an enormous star of the los angeles times. and as a result of that, the los angeles times decided to change it approach and gave tremendous attention to charter reform. i will always believe that charter reform succeeded in 1999 in los angeles because of what jim newton did and the covers of the l.a. times. a few years ago he mentioned to me he was planning to take some time off to do a biography of earl warren. i thought it was a great idea. and then i had the chance to read the book, and without a doubt it's the best judicial biography that i've ever read. so
in prague are protesting against the government ban. they can no longer sell expensive drinks to tourists -- only beer and wine. no one is happy. >> czechs are angry, really mad. drinking spirits is a national pastime. what do you expect. >> but over 20 people have died. the government had to do something. >> everybody suffers just because a couple of people made a mistake. one person sold a bad batch of spirits, and now 10 million people have to suffer. >> the government is introducing new requirements for seals and proofs of origin. only bottles with approve labels will be allowed for sale and export, but many think moonshiner's will just take the new labels, and the new rules come too late for vladimir. doctors say he will never see again. >> spain's regions were once the symbol of democratic progress. for a long time, the regions are prospering and all was well in spain, but that changed dramatically when the financial crisis hit. now, many regions are on the verge of bankruptcy. today, the number of spaniards who can afford it beach is dropping, so it has rediscovered an old idea. >>
>> thank you for joining us tonight. i am the government policy director at spur. it is my distinct pleasure to welcome such an amazing panel as well as the mayor of our fine city. this is the innovation mayor, mayor ed lee. [applause] >> thank you. can everyone here me? welcome to spur. i enjoy being here because every time i come here, some part of my brain wakes up that has not been woken up before. i am here to welcome you. earlier, i had a wonderful opportunity to exchange with our panel members about what they are doing and how they're doing it. . i think these panel members are here as part of their own entrepreneurial spirit. they own companies but love the city. they know the spirit of the city is one of innovation, that invites peoples and views, and smashes them -- meshes them together to see if we can make an even better san francisco. we have two other supervisors who may be coming later. we're all part of the initial group of policymakers at city hall who want to hear news views and ideas on the new collaborative economy. we're interested in it because it has aspects t
the allegations and have the support of the chinese government. >> when china in the u.s. benefit from the business we do in america are, we hope the congress will monday's their opinions on prejudice but on the facts so as not to hurt bilateral trade relations. >> this is just the latest battle in a war of words over trade and economic practices. the u.s. has accused china of unfairly subsidizing renewable energy and the auto industry in china expressing complaints to the wto. clogs let's get to the u.s. election campaign. romney accused obama of failing to lead in the middle east. is going to frame his positions ahead of the next presidential debate next week. we have some analysis from our russian and correspondents in just a moment, but first tier are a few clips. >> it is our responsibility and the responsibility of the president to use our greatest power to shape history, not lead from behind the. destiny at the mercy of events. i will put the leaders of iran on notice that the u.s. and our friends and allies will prevent them from acquiring nuclear weapon capability. i will not
hollywood, big government, big journalism, and big peace, p, e, a, c, e. he became a big player what is come to be called the new media including work as editor on "the drudge report" website and yes the "huffington post". bull buckley didn't dwell in the past but he believed we should and could learn from it. he was fascinated by the rise of the new media and encouraged conservatives to become involved in it as he had in the old media. he didn't live to see it come to full fruition and andrew left us too soon for him to become a greater influence than he already has. a tribute to him that his web sites and work endure. it is my pleasure as the winner of last year's william f. buckley, jr., award to present this year's award posthumously to andrew breitbart. may he rest in peace. [applause] may he rest in peace and may his legacy live on. accepting the award is oars son dean, susie's father and with him is alley mills dean. ♪ . >> thank you. thank you very much. thank you. thank you. you may remember me. i formally went on the screen, under the name of irene dunne. at my age i have some fr
are approached or anything happens in your professional lives with the united states government that you have any questions about, please come to this committee. we take the work of whistle- blowers and people who give testimony very seriously. you have been critical to bring out things which would not have -- which would not have come out to. i will close with two comments. that i took away from today. he did not produce security at -- you do not reduce security at the -- the same time as you are increasing hazardous duty pay. it does not make sense. i have not heard that question asked and answered. i only heard that it occurred. i think the state department to take away from today and understanding that that sends a message that says, we will pay you for the risk. we will not pay to have you made safer. that is the impression that anyone would get if you reduce the staffing below recommendations or request an increase the pay. i do not think the men and women who service overseas want. i know the compensation for hardship is important, but safety comes first. i have the marine fellow who work
with the afghan government, which will keep american soldiers in afghanistan until 2024. do you have a sense of what the minimum number of soldiers should be going forward? >> let me clarify a couple of things. there are more than a few former administration folks here who will say that was not the total point man on afghanistan. i was involved, but share the credit with many, many others who probably had more input than i did. the first point i'd like to make about afghanistan and the big difference between a strong and mr. obama is that mr. obama set a deadline, creed, full stop. i was in kabul december 2009 when mr. obama made that speech. and i was talking to isaf people, the people from international force, you know, people who are out there getting shot at from other countries, not just our own. to a man and a woman, there were a lot of women there, they all, almost took no notice of the surge statement. what they noticed was the deadline. what our pakistani friends have noticed is the deadline. what the taliban has noted is the deadline. and everybody is playing to that deadline. incl
-- which is necessary for it to be involved in the global economy-- but also, since the government of laos doesn't have the resources necessarily to develop large-scale hydropower electric dams, the... it's being increasingly carried out by private corporations. narrator: this private development is carried out through something called a "boot scheme," which stands for build-operate-own-transfer. fox: a private corporation will build, operate, own a hydroelectric dam for a specified number of years, and then at the end of that time when they've recouped an agreed-upon profit, they hand it back to... hand it back over to the lao government. narrator: it's hoped that further hydroelectric development will provide the money needed to lift laotian living standards. the government wants to reduce poverty from 40% to ten percent by the year 2010. but it is dauntingask. the lao economy remains largely agricuural. b80% of the population is rural. only limited industry, such as cotton or silk, has begun in vientiane. literacy rates are among the world's lowest.silk, health care is another area of c
r the indonesian government. woma well, it's s, of course, a country that's in so many thousands of islands over such a large area, it's hard to integte that into one economy. until there was a satellite inrbit over innesia, for example, unall the peop ithe country couldn't hear the presidenofheir count at the same me there's s and communication until then. it's parof why they have preserved their diversity, because there's different kinds on the different islands and the different regionalizations, and while they maintai it was very muchasier practice t unity in diversity that's their national motto, because ey were maintai it was very muchasier practicespatially apartersity antheyere in different territories and they didn't colictith each other in everyday life. naator: but e government hasnsored a lan out of the major population centers to less developed areas. the one thing at has happened with the migraon and the change is that miio opeop out ofava, out omadurae occupy and cnge e inorest ap intoinilalmve landr expo-- and ingricultu-- theyave moved muslims om sulawesinto t
and global slowdown. lagarde says government can do more harm than good by cutting too far too fast. >> struggling eurozone countries should be granted more time to fix their fiscal problems according to the international monetary fund chief, christine lagarde. she said with many countries introducing drastic austerity programs at the same time, it is important to slow budget cuts, particularly in greece. >> i have said repeatedly that an additional two years was necessary for the country to actually face the fiscal consolidation program that is considered. >> the german finance minister is also in tokyo. he repeated his position that greece must stick to the cost- saving measures and timetables agreed with its international lenders. >> i think it is better for each country to try to solve its own problems and keep promises already made. if they cannot keep those promises, they must expect to be criticized for it. >> it is still not certain whether greece will qualify for its next installment of bailout funds. without the 31.5 billion euros in loans, they could be forced out of the
and that money buys the vaccines. the risks are relatively small. the returns are guaranteed by government donations. the real payoff, though, is seen in countries across the developing world. >> we were able to immunize 325 million children and save more than 5.5 million lives. >> reporter: firms issued the first vaccines in 2006. people in japan were allowed to start buying them two years later. they now account for half of the 60,000 investors worldwide. japanese are interested in the product because they have based low-interest rates on investments for years. but it's more than that. >> translator: i think it's very good because it can raise focus, and it can invest in meaningful activities at the same time. >> i think that conscience of the japanese public is very important to this effort. >> reporter: amy ohno wants to be part of that effort. she's looking forward to the next vaccine vial issuance. she likes the potential reward on her investment. >> translator: i'm home. >> reporter: and she likes the example she's setting for her 11-year-old son, kyohe. >> translator: there are so
responding to what appear to be stray syrian shells. turkey's government has put its military on a high state of readiness. russia wants an explanation from turkey about last night's event, and syria has described the incident has an act of piracy. the cargo had been legit moot and accused the turkish authorities of using aggression against the crew before they were able to leave. >> james reynolds is in the turkish city near the syrian border. let's pick up, james, on what peter was talking about right at the end there. obviously the syrians contesting what was in this cargo. to be honest we only have the turkish authority's word for that it's imlegal? >> yeah, george, the interesting thing is is this, none of the public has seen the cargo. turkey hadn't put it on display. we have the word of the turk yirk prime minister that the cargo was objectionable. some have tried to fill in the blanks there. one newspaper says 10 containers were confiscated. but the director of syrian arab airlines, the airline that had to stop says that all the cargo was legal, and he wants it back. >> and james, now
out the accusation, that's like asking the government, how often do you beat your wife? >> i should have had a question mark at the back of it, ali, let's face it, okay? the facts are, ali, no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. not one of them had a number below 8.1. they were republicans and they were democrats. and all of a sudden -- >> i agree with you. >> you agree with that? >> i agree with everything you're saying, jack, and if your question was -- >> i wake up this morning and it's 7.8 with a bunch of asmptions. >> as the best ceo that america has ever had, there are two very powerful things you can say here. one is let's take a look at how the bls, bureau of labor statistics, and the department of labor measures employment, number one. and b, maybe mitt romney should be replacing president obama if he's not doing a good job. but to say there is corruption of somebody cooking these books, why do you do this? for a government in trust of private institutions, that's n
on them by the government. >> he estimates the fact that as governor in eliminated the estate tax and took more than 100,000 low income virginians of the income tax rolls. i just thought i would correct him there. george and i have very different strategies. this is one of the most important programs that has ever been done by the government. more than 50% of american seniors have retired into poverty before it was passed. thank you we have -- thank god we have those days behind us. that would've been a huge catastrophe prior to the collapse in washington. what i would do is allow the payroll tax of words as a way of protecting the solvency of the program. on medicare, george allen supports the ryan budget that would turn medicare into a voucher program and push costs onto the seniors. i propose a senior savings costs, for example ending the prescription -- that we get. that would save us without jeopardize in the benefit of all. >> mr. allen, to ask both of you to take one minute to respond to tim kaine's assocation about medicare and to support the ryan budget? >> what i support is prese
. presenting a summary, two of the jurists said israeli violations were impossible without u.s. government backing. >> the tribunal finds that israel's ongoing colonial settlement expansion, its racial separatism policies, as well as its violent militarism would not be possible without the united states economic military and diplomatic support. >> the russell tribunal session here in new york will give us the opportunity to further persuade people who believe in justice and equality and peace in this country that they should join the campaign for solidarity with palestinian people and palestinian freedom. the ousted president mohamed nasheed after he ignored a summons to appear in court. he is facing charges of illegally ordering the arrest of a judge appointed by gayoom, who ruled the maldives for 30 years before nasheed became its first democratically elected president in 2008. nasheed was ousted earlier this year in what he described as a coup at gunpoint by gayoom's supporters. nasheed is well known internationally for his activism on the issue of global warming, which he says threaten
-hours. >>> government is filing a civil suit against wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor angela merkel arrived in greece today and was met with massive protests. some greeks even dressed as nazis to mock the german leader that is so nice. what a great welcome. why are the greeks protesting one of the few people who might actually be able to help them escape a economic meltdown? joining me for more on this story, university of chicago proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think this is a reminder that greeks have not done the hard reforms they need to be successful. to be successful in the bad growth, big debt environment they have to cut government employment and reduce transfer programs. they have done very little of that. they were supposed to cut 30,000 jobs. they cut 1,000. they lost another nine from
. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one year ago today, steve jobs, the visionary cofounder of apple, died at the age of 56 after a long battle with pancreatic cancer. the company remains an industry powerhouse despite the loss of their leader. >>> now on to our top story tonight. good news on the jobs front. according to the household survey, 700, i'm sorry, 873,000 people found a job last night. last month. that brought the unemployment rate down to 7.8% for the first time in 3 1/2 years. the employers survey thou
at the washington post before i escaped the belt way with my florida girl. government is not a new topic for me. i did not think i could have written this book if i still lived in washington. the group think is too strong and it is almost impossible to overstate the power of the conventional wisdom that the stimulus was a ludicrous failure and totally uncool to talk about it without ruling rise and making ironic comments. you totally stimulated the economy when you gave that panhandler at a dollar. even obama joked after his annual thanksgiving pardon that he saved or created four turkeys. my friends here know that i have a contrarian streak. i don't do groupthink. the guy who visited gulf after the bp spill and rode the environmental damage was being overstated, i was right. i had data. arguing that the stimulus was a new new deal was not just considered contrarian but delusional. like arguing the bp spill didn't happen. we can discuss why. a combination of relentless republican distortion, incompetent white house communication, brain dead media coverage, the unfortunate timing of the jobs bill t
make it seem as though that when you talk about limits on the national government, that's antithetical to the constitution, the existence of a national government. it's embeddedded in the original argument. it argument was about limits. it wasn't about -- you hear this kind of and all these people trying to push us back to the article. that's ludicrous. and that's -- but helped to develop the constitution. .. the same time you understand there are some people still fighting the debate that engage in that debate and subsequent to that even in the adoption of 13th and 14th and 15th amendments you still have so we are still talking about what are the amendments of the national guard? what is the role of the national government, how we protect individual rights and liberties etc.. >> what's move forward and start talking about the events that press the 13th, 14th and 15th amendments. i want our audience, everybody on c-span it isn't just -- it is a special anniversary, it isn't just a to enter the 25th anniversary of the year that changes everything in human history, we the people. it's al
. we need to take a very different way of looking at how the federal government spends money. i support a moratorium on your marks because it had gotten out of control before it to congress. but that's the beginning slice of a much bigger question about how we bring down the size of the federal government. i have called for a 1% reduction in overall discretionary spending. i have called for a balanced approach on deficit reduction requiring the wealthy to pay more and more cutting in the federal government. >> you have 90 seconds. >> again, shame on you. you thought this campaign is going to be a coronation because you're a democrat and now you are in a serious race with a serious woman and you are desperate. therefore you raise these issues. my plan sites every word that i used from the brightest in the best to but my plan together. you would be better served to be putting a plan together. you need to be honest with the people of connecticut. you need to be honest about your special interest loans. to be honest about your attendance in washington. shame on you for taking this direction
. many governments have yet to s pass laws enforcing the protocol. the participants are expected to discuss how to secure funding to meet the targets agreed. >>> military personnel from the united states and philippines have begun 11 days of joint exercises. the the drills began monday on the western coast m facing the south china sea. 3800 personnel are taking part in this year's exercises. that's 800 more than last year. a philippine know military suggest they reflect the numbers growing in the region. u the philippines is engaged in disputes with china. chinese patrol boats are preventing philippine fishing boats from approaching. u.s. leaders have expressed concern that china is expanding its activities in the region. >>> australian prime minister has urged japan to sign a free trade agreement with her country as soon as possible. she says no other fta will be more logical. he spoke at a reception in sydney. >> japan is a critically important economic partner for austr australia and will remain so in the future but in a dynamic and changing region it's time to take the next s
be voting against this measure? >> originally it was all odd year elections for city government. the main focus was to have a lot of elections spread out so people would pay attention. that was the idea of the 1932 charter. it is good in the sense given the history of san francisco and, frankly, a lot of governmental problems we had historically, getting people to pay attention to city government has been very important. we had 1901 to 1907 a group called roof ring, they described the 18 supervisors then on the board as, quote, so corrupt they would eat the paint off the walls. that's the reason why we want people to pay attention to their city government. frankly, new england city governments are the small ones and tall hall government is the best of all. we can't do that. but we can give people is exposure to city government, it avoids a lot of problems. we have had a lot of mistakes. (inaudible) was not built when they put in the underground, that caused umpty million dollars to correct. >> we hope this discussion was informative. for more information on this and other ballot m
, supervisor. thanks for having me. proposition d is a good government measure that will increase voter turnout in our elections for city attorney and treasurer, two very important offices, and will also save the city 4.2 million dollars every 4 years. right now we elect our city attorney and treasurer in a very, very low turnout odd year election where they are the only two offices on the ballot. and turnout is always extremely low in that election. and it costs us over $4 million dollars to hold that election. proposition d would move the city attorney and treasurer elections to be on the same ballot as the mayor, which is a much myer turn jut election, so more people would be voting for city attorney and treasurer and every time we don't hold that very low turnout odd year election separately for city attorney and treasurer, we'll save 4.2 million dollars. prop d was put on the ballot unanimously by the board of supervisors and it's been endorsed overwhelmingly by both the democratic and republican party. >> dr. faulkner, do you think this is a good idea. >> it has several problems. the orig
there as tensions between the two countries intensify. the u.s. government suing the nation's biggest mortgage lender. we'll take a look at how the global industry is faring. then it's off to paris. the stricken car maker is downgraded by moody's a day after demonstrators stage protests. we'll have details from the french capital. and we'll head to new york where there's an appetite for young, profits that is, up nearly a quarter from a year earlier. we'll take a look on a big day for earnings on wall street. and a big week that's coming up. joining us now onset, though, bob mckey. bob, you're here with us, chief economist from independent strategy. i guess let's just begin by talking a little bit about some of these headlines that we're hearing from the imf regarding financial stability. obvious, i guess, to sort of draw attention to this issue, but in your mind, is there still lingering risk out there from the lack of reform, i guess, in some areas of the industry? >> i think what the global stability report is showing -- it's the third report the imf brings out at this semiannual meeting. e
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